32544
ZIPSAFMR
Okaloosa County, FL
BRFMR
Eff. Rent
0 BR$1,810$1,380
1 BR$2,100$1,290
2 BR$2,370$1,600
3 BR$3,250$2,110
4 BR$3,960$2,660
5 BR$4,554
6 BR$5,237
7 BR$6,023
8 BR$6,926

Purchase Price Calculator

Maximum purchase price
$175,843

Cost breakdown

+Likely effective rent$1,600
HUD FMR$2,370
Market rentUsed$1,600
Est. payment standard (90%)$2,130
Market rent is below the inferred standard ($2,130, 90% of FMR).
-Principal and interest-$889
Loan amount$140,674
Down payment$35,169
Rate6.50%
Term30 years
-Operating costs-$511
Property taxes-$176
Insurance-$175
Utilities$0
HOA$0
Management-$160
=Target cash flow+$200
Calculation mode

Hold period projections

Annual appreciation rate
3-year hold
+$25,761(73.2% ROI)
Projected value
$189,364
Current value$175,843
Return breakdown
Property appreciation+$13,521
Loan principal paid down+$5,040
Rental cash flow+$7,200
5-year hold
+$44,095(125.4% ROI)
Projected value
$198,950
Current value$175,843
Return breakdown
Property appreciation+$23,107
Loan principal paid down+$8,988
Rental cash flow+$12,000
10-year hold
+$94,667(269.2% ROI)
Projected value
$225,094
Current value$175,843
Return breakdown
Property appreciation+$49,251
Loan principal paid down+$21,416
Rental cash flow+$24,000

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Market Alignment

FMR / market rent by bedroom; grey wings show the 90-110% payment-standard spread.

Studio
Studio
1.31ratio
FMR$1,810
Market$1,380
vs market+$430

FMR is above market; underwrite to market rent.

90% standard$1,629 / 1.18 ratio110% standard$1,991 / 1.44 ratio
1.31
1 BR
1 BR
1.63ratio
FMR$2,100
Market$1,290
vs market+$810

FMR is above market; underwrite to market rent.

1.63
2 BR
2 BR
1.48ratio
FMR$2,370
Market$1,600
vs market+$770

FMR is above market; underwrite to market rent.

90% standard$2,133 / 1.33 ratio110% standard$2,607 / 1.63 ratio
1.48
3 BR
3 BR
1.54ratio
FMR$3,250
Market$2,110
vs market+$1,140

FMR is above market; underwrite to market rent.

90% standard$2,925 / 1.39 ratio110% standard$3,575 / 1.69 ratio
1.54
4 BR
4 BR
1.49ratio
FMR$3,960
Market$2,660
vs market+$1,300

FMR is above market; underwrite to market rent.

90% standard$3,564 / 1.34 ratio110% standard$4,356 / 1.64 ratio
1.49
0.700.800.901.001.101.201.30aligned range

HUD benchmarks exceed market rents across all bedroom sizes.

Historical
FY 2022-2026

Data freshness

FMR
FY2026
Market rent
last ~365 days
About this result(HUD FMR/SAFMR details)

This page shows HUD Fair Market Rent data for 32544 (FL) for FY 2026. Fair Market Rent (FMR) is a HUD benchmark used to determine payment standards for programs like the Housing Choice Voucher (Section 8) program.

Values are shown for 0–4 bedroom units. In some metro areas HUD publishes Small Area FMR (SAFMR) at the ZIP-code level; otherwise the county/metropolitan-area FMR applies. This result is labeled SAFMR based on HUD's designation for the area and the available data.

Tip: use these numbers as a starting point and confirm local program rules (payment standards may differ from HUD's published FMR). If you're comparing neighborhoods, SAFMR ZIP ranges can highlight variation within the same county.

32544 fair market rent and Section 8 rent limits

The FY 2026 HUD Small Area Fair Market Rent (SAFMR) page for 32544 shows monthly rent limits by bedroom size for Housing Choice Voucher and Section 8 comparisons. The 2 bedroom fair market rent is $2,370 and the 4 bedroom fair market rent is $3,960.

Use this page for searches like 32544 FMR, 32544 fair market rent, and 32544 Section 8 payment standards. Local housing authorities can set payment standards above or below published HUD FMR, so confirm program rules before underwriting a property.

FY 2026 Fair Market Rent by bedroom size for 32544
Bedroom sizeHUD FMR
Studio$1,810
1 bedroom$2,100
2 bedroom$2,370
3 bedroom$3,250
4 bedroom$3,960